Additional uses of Fund moneys
The Secretary may also utilize the Fund—
(1)
(1)#
to pay amounts to which the holder of the note is entitled in accordance with an insurance or sale agreement under this section accruing between the date of any payment by the borrower to the Secretary and the date of transmittal of any such payments to the holder of the note; and in the discretion of the Secretary, payments other than final payments need not be remitted to the holder until due or until the next agreed annual or semiannual remittance date;
(2)#
to pay the holder of any note insured under this section any defaulted installment or, upon assignment of the note to the Secretary at the Secretary’s request, or pursuant to a purchase agreement, the entire balance outstanding on the note;
(3)#
to pay taxes, insurance, prior liens, expenses necessary to make fiscal adjustments in connection with the application and transmittal of collections or necessary to obtain credit reports on applicants or borrowers, and other services customary in the industry, independent audits of project expenses, construction inspections, commercial appraisals, servicing of loans, and other related program services and expenses, and other expenses and advances to protect the security for loans which are insured under this section or held in the Fund, and to acquire such security property at foreclosure sale or otherwise;
(4)#
to make assistance payments authorized by section 1490a(a) of this title ;
(5)#
after October 1, 1977 , and as approved in appropriations Acts, to make advances authorized by section 1471(e) of this title ;
(6)#
to make payments and take other actions in accordance with agreements entered into under paragraphs (2) and (3) of subsection (d); and
(7)#
to provide advances and assistance required to carry out paragraphs (4) and (5) of section 1472(c) of this title .